Shares of DroneAcharya Aerial Innovations surged nearly 7% after the company announced significant order wins that further solidify its leadership in drone-based solutions.
Major Contracts Secured:
- Bengaluru Ring Rail Project:
- DroneAcharya secured a contract from Aarvee Associates Architects Engineers & Consultants Pvt. Ltd. to perform a drone-based LiDAR and RGB survey for the Bengaluru Ring Rail project.
- Project Scope: 350 km surveyed in two phases.
- Phase 1: 200 km valued at ₹31.86 lakh, to be completed in three weeks.
- Phase 2: 150 km contingent on Phase 1’s success, valued at ₹23.89 lakh.
- Strategic Importance: The project highlights the growing role of drones in infrastructure development, offering precision and efficiency.
- Dholera Special Investment Region (SIR):
- DroneAcharya received a project worth ₹70.8 lakh from AgroCast Analytics Pvt. Ltd., an IIT Gandhinagar-incubated company.
- Scope: A drone survey of 242 sq. km using advanced VTOL drones equipped with a 42 MP camera and PPK technology for precise data mapping.
- Execution Timeline: Phase 1, worth ₹35.4 lakh, will kickstart the initiative, with the project expected to complete in 10 weeks.
As of 1:54 PM the shares were trading 5.44% higher at ₹121.05 on NSE.
DRONEACHARYA AERIAL INNOVATION Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Tue, Dec 3 2024
|
₹113.60
|
₹114.80
|
|
|
Mon, Dec 2 2024
|
₹112.55
|
₹113.60
|
-0.09%
|
|
Fri, Nov 29 2024
|
₹115.65
|
₹113.70
|
-0.48%
|
|
Thu, Nov 28 2024
|
₹114.00
|
₹114.25
|
|
|
Wed, Nov 27 2024
|
₹113.80
|
₹113.40
|
-0.04%
|
|
Tue, Nov 26 2024
|
₹114.25
|
₹113.45
|
-0.70%
|
|
Mon, Nov 25 2024
|
₹117.50
|
₹114.25
|
|
|
Fri, Nov 22 2024
|
₹112.50
|
₹114.05
|
|
Strategic Outlook:
DroneAcharya’s Managing Director, Prateek Srivastava, emphasized the critical role of drone technology in urbanization and infrastructure projects, stating, “Projects like Dholera SIR highlight how drones can contribute to creating smarter and more sustainable cities.”
About DroneAcharya:
DroneAcharya Aerial Innovations has cemented its position as a leader in the drone industry with an impressive 89.52% year-on-year revenue growth. The company’s expertise spans diverse services, including:
- Training 391 DGCA-certified drone pilots.
- Expanding operations to Southeast Asia, the Middle East, the EU, and the U.S.
- Developing innovative products like AgriVeer agricultural drones and FPV drones for ISR missions.
